~ PIERS Class 16 ? Not Until Year 2019' at Minimum ? ~
So, Any PIERS Holders ? ... Well ? might as well sit back and' settle in for the long hall' ...
Those Interest Bearing Notes ?' were paid off as announced on 10/03/2017' ... (early)
and' ... according to the WMI-LT ? ... well ? they' (AZ's favorite propaganda machine) ... well ? as stated in the extension request ? the WMI-LT is going to need to continue to fool' around to a minimum of until 2019' ...
according to the LT's latest request for an additional extension ? ... I seriously doubt the LT' will have enough of any actual relevant amount of' - left over's - to pay the last light bill' ...
... Nope' ... NO Tracking Markers' (Estate owning established' markers' ? which will soon become' quite important)
... Nope' ... NO Transitional newco' Shares'
... Nope' ... NO Control over the attorneys chewing through the remaining, "lawyer chow" ...
... And as I said many years ago' ... the PIERS Class 16' (the last creditor class ?) ... at the end', as revealed, maybe sometime at the earliest in 2019' ... will be left impaired' ...
for the last creditor' ? the PIERS Class 16's ? ... considering the future end having already been revealed in the request for an extension ? ... the earliest for any final reconciliation won't be until 2019' ... and probably longer, if there's any LT designated' money left'
And For ALL of the Rest of Us' ? ... Well, as stated in the request' ... "The WMI-LT will maintain its status as a, ... "Grantor's Trust" ... Yeah, No Kidding', You betcha' it will ... That is the ... "Pass-Through" ... mechanism that I have been posting about' ...
AZ
